SPS Commerce (NASDAQ:SPSC – Get Free Report) released its quarterly earnings results on Thursday. The software maker reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.09, Briefing.com reports. The firm had revenue of $163.69 million for the quarter, compared to the consensus estimate of $160.30 million. SPS Commerce had a return on equity of 12.41% and a net margin of 12.31%. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter last year, the business posted $0.53 EPS.
SPS Commerce Stock Down 10.7 %
Shares of SPS Commerce stock traded down $20.49 on Friday, hitting $170.49. The stock had a trading volume of 636,500 shares, compared to its average volume of 179,940. The business’s 50 day moving average is $192.69 and its two-hundred day moving average is $190.73. SPS Commerce has a twelve month low of $151.96 and a twelve month high of $218.74. The stock has a market cap of $6.31 billion, a price-to-earnings ratio of 93.16 and a beta of 0.82.
Insiders Place Their Bets
In other news, Director Sven Wehrwein sold 2,000 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $201.35, for a total value of $402,700.00. Following the completion of the sale, the director now owns 16,212 shares of the company’s stock, valued at approximately $3,264,286.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.00% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on SPSC
About SPS Commerce
SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.
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